{"id":27064,"date":"2026-08-12T09:52:10","date_gmt":"2026-08-12T09:52:10","guid":{"rendered":"https:\/\/futureknowledge.in\/?p=27064"},"modified":"2026-08-12T09:52:10","modified_gmt":"2026-08-12T09:52:10","slug":"nifty-trades-below-24300-level-fmcg-shares-underpressure","status":"publish","type":"post","link":"https:\/\/futureknowledge.in\/?p=27064","title":{"rendered":"Nifty trades below 24,300 level; FMCG shares underpressure"},"content":{"rendered":"<p>The Nifty hovered below the 24,300 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on the market&#039;s near-term trajectory.<\/p>\n<p>FMCG shares extended losess for the third consecutive trading session.<\/p>\n<p>At 14:30 IST, the barometer index, the S&amp;P BSE Sensex declined 545.70 points or 0.70% to 77,608.55. The Nifty 50 index fell 175.90 points or 0.72% to 24,295.05.<\/p>\n<p>The broader market outperformed the frontline indices. The BSE 150 MidCap Index declined 0.34% and the BSE 250 SmallCap Index fell 0.32%.<\/p>\n<p>The market breadth was negative. On the BSE, 1,694 shares rose and 2,535 shares fell. A total of 222 shares were unchanged.<\/p>\n<p>The Nifty FMCG index declined 0.97% to 48,315.80. The index dropped 2.26% in three consecutive trading sessions.<\/p>\n<p>Godrej Consumer Products (down 10.29%), Patanjali Foods (down 2.58%), Tata Consumer Products (down 1.96%), United Spirits (down 1.73%) and Dabur India (down 1.53%) were the top losers. Among the other losers were Emami (down 1.21%), United Breweries (down 0.91%), Marico (down 0.78%), Hindustan Unilever (down 0.53%) and ITC (down 0.38%).<\/p>\n<p>The yield on India&#039;s 10-year benchmark federal paper was down down 0.06% to 6.775 as compared with the previous close of 6.799.<\/p>\n<p>In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.4100 compared with its close of 95.3600 during the previous trading session.<\/p>\n<p>MCX Gold futures for the 5 October 2026 settlement rose 0.57% to Rs 1,54,640.<\/p>\n<p>The US Dollar Index (DXY), which tracks the greenback&#039;s value against a basket of currencies, was up 0.04% to 99.75.<\/p>\n<p>The United States 10-year bond yield lost 0.15% to 4.677.<\/p>\n<p>In the commodities market, Brent crude for the October 2026 settlement gained 34 cents or 0.38% to $89.25 a barrel.<\/p>\n<p>Concord Enviro Systems declined 2.93% after the company reported a consolidated net loss of Rs 175.69 crore in Q1 FY27, compared with a net profit of Rs 41.19 crore in Q1 FY26. However, revenue from operations declined 16.65% YoY to Rs 853.47 crore in Q1 FY27 from Rs 1,023.92 crore in Q1 FY26.<\/p>\n<p>Godrej Consumer Products (GCPL) tumbled 10.28% after the company announced that its managing director (MD) and chief executive officer (CEO), Sudhir Sitapati, has resigned from his position with effect from 11 August 2026.<\/p>\n<p><em>Source: <a href='https:\/\/www.business-standard.com\/markets\/capital-market-news\/nifty-trades-below-24-300-level-fmcg-shares-underpressure-126081200998_1.html' target='_blank'>Read the original article on www.business-standard.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nifty hovered below the 24,300 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on the market&#039;s near-term trajectory. FMCG shares extended losess for the third consecutive trading session. At 14:30 IST, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,5],"tags":[42,29,33],"class_list":["post-27064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-share-suggestions","category-world-markets","tag-impact-tata","tag-signal-avoid","tag-stage-stage-4"],"_links":{"self":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/27064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27064"}],"version-history":[{"count":0,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/27064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/media\/27065"}],"wp:attachment":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}